May the higher interest rate effect U.S. property?

The most stock markets in Asia opened lower on Monday from the rising trade tension between USA and China.
Aussie dollar may swing between 0.7425-0.7470 points before the RBA meeting minutes’ releases. U.S. dollar seems strong after Fed hiked the interest rate 4 times in this year. As the result AUD/USD may continue its bearish trend, if it falls lower than 0.7400 points. Euro held above 1.550 points and it may move sideways to take a breath but not higher than 1.650 points. ECB president will give speech which may not surprise market so euro may not get support from his speech. Fed rose interest rate to 2.00% in June and this factor may effect to the Bank loan so property in the United State may slow down. However, U.S. building permits in May forecast lower and it may reach the forecast or edge lower. I think greenback maybe softer a little bit.
According to the SEC Chief Executive Officer speech that If a network of tokens or coin disperses that buyers do not expect any person or group to manage. The asset does not represent an investment contract. Hence, Ripple (XRP), Stellar (XLM), IOTA (MIOTA), Tron (TRX) and Cardano (ADA) are classified as securities. SEC will be regulated them by the same law as US securities.
Economic indices in focus:
• Australia: RBA meeting minutes at 08.30 a.m.
• Europe: ECB president speech at 15.00 p.m.
• USA: Building permit (May) at 19.30 p.m.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade.

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